IShares Infrastructure Correlations

Etfs . USA . 
Etf . iShares Infrastructure ETF
IFRA Etf  USD 51.17  0.59  1.17%   
The current 90-days correlation between iShares Infrastructure and Global X Infrastructure is -0.17 (i.e., Good diversification). The correlation of IShares Infrastructure is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.

IShares Infrastructure Correlation With Market

Very poor diversification

The correlation between iShares Infrastructure ETF and DJI is 0.8 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding iShares Infrastructure ETF and DJI in the same portfolio, assuming nothing else is changed.
  
Build AI portfolio with IShares Etf
Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in iShares Infrastructure ETF. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in metropolitan statistical area.

Moving together with IShares Etf

  0.98PAVE Global X Infrastructure Low VolatilityPairCorr
  0.93IGF iShares Global InfraPairCorr
  0.92NFRA FlexShares STOXX GlobalPairCorr
  0.93GII SPDR SP GlobalPairCorr
  0.99SIMS SPDR SP KenshoPairCorr
  0.81INFR ClearBridge SustainablePairCorr
  0.74BLLD JPMorganPairCorr
  0.97XKII SPDR Kensho IntelligentPairCorr
  0.99UPRO ProShares UltraPro SP500 Sell-off TrendPairCorr
  0.97QTJA Innovator ETFs TrustPairCorr
  0.96QTOC Innovator ETFs TrustPairCorr
  0.98XTOC Innovator ETFs TrustPairCorr
  0.97QTAP Innovator Growth 100PairCorr
  0.98XTJA Innovator ETFs TrustPairCorr
  0.96XTAP Innovator Equity AccPairCorr
  0.68EUSB iShares TrustPairCorr
  0.89VABS Virtus Newfleet ABSMBSPairCorr
  0.97BUFD FT Cboe VestPairCorr
  0.82KGRN KraneShares MSCI ChinaPairCorr
  0.94DIS Walt DisneyPairCorr
  0.94GE GE AerospacePairCorr
  0.93DD Dupont De Nemours Earnings Call This WeekPairCorr
  0.9AA Alcoa CorpPairCorr
  0.85PFE Pfizer IncPairCorr
  0.95AXP American ExpressPairCorr
  0.92MMM 3M CompanyPairCorr
  0.97CAT CaterpillarPairCorr
  0.9IBM International Business Earnings Call TodayPairCorr
  0.95BA Boeing Earnings Call This WeekPairCorr

Moving against IShares Etf

  0.61MCD McDonaldsPairCorr
  0.54KO Coca ColaPairCorr

Related Correlations Analysis

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IShares Infrastructure Constituents Risk-Adjusted Indicators

There is a big difference between IShares Etf performing well and IShares Infrastructure ETF doing well as a business compared to the competition. There are so many exceptions to the norm that investors cannot definitively determine what's good or bad unless they analyze IShares Infrastructure's multiple risk-adjusted performance indicators across the competitive landscape. These indicators are quantitative in nature and help investors forecast volatility and risk-adjusted expected returns across various positions.

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